NIB funds Fiskars Group’s investments in digitalisation and developing its production facilities

NIB and Fiskars Group have agreed on a EUR 50 million loan. The loan will be used to finance Fiskars Group’s investments in digitalisation and developing its own production facilities. This investment loan represents continuity in the long-term cooperation between the Fiskars Group and NIB, as the Bank has provided financing for the company since 1985.

The seven-year investment loan finances Fiskars Group’s investments in digitalisation supporting the company’s digital transformation and making it more data-driven in all its operations.

In addition, the loan finances Fiskars Group’s investments in its own production facilities. The aim of these investments is to reduce CO₂ emissions and energy consumption, as well as increase efficiency and the level of automation.

“The business relationship between NIB and Fiskars Group dates back almost 40 years, and we continue our cooperation by supporting the company’s clear digital ambition, which is an integral part of driving growth. By investing in digitalisation and becoming more data-driven, Fiskars Group will be able to further enhance its global market position”, says André Küüsvek, NIB President & CEO.

Fiskars Group is a global company for design-driven brands for indoor and outdoor living. The brand portfolio includes Fiskars, Gerber, Iittala, Royal Copenhagen, Moomin by Arabia, Waterford and Wedgwood. Established in 1649, Fiskars Group’s brands are available in over 100 countries and the company has more than 350 stores worldwide.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s. www.nib.int.

For further information, please contact
Liisa Vuorinen, Senior Banker, Industry, at +358 10 618 0248, Liisa.Vuorinen@nib.int

Iiris Anttalainen, Communications Unit, at +358 10 618 0258, Iiris.Anttalainen@nib.int

Media Relations, press@fiskars.com, tel. +358 40 553 3151